Former World Bank senior economist Karl Kendrick Chua was sworn into office yesterday (Sept. 28) as the new undersecretary for strategy and chief economist of the Department of Finance (DOF).
Read MoreThe Philippine peso remains “very strong” in real terms and the current movement of the local currency will actually help improve the competitiveness of our exports and the value of our dollar remittances, which benefits around 40 percent of the domestic economy, according to the Department of Finance (DOF).
Read MoreThe House committee on appropriations has endorsed for congressional approval the P21.3-billion budget of the Department of Finance (DOF) and its attached agencies for 2017, which, according to the panel, will help the new administration accomplish its primary objective of inclusive growth as provided for under President Duterte’s 10-point socioeconomic agenda.
Read MoreThe Department of Finance (DOF) has submitted to the Congress the first package of tax reforms designed to lower personal income taxes rates while raising revenues to help fund the Duterte administration’s 10-point socioeconomic agenda for inclusive growth.
Read MoreGeneral government (GG) debt relative to the country’s whole economy further declined to 35.4 percent even as the nominal level of debt increased to almost P4.9 trillion in the year’s first semester, according to the Department of Finance (DOF).
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